The Art of Negotiation When You Live With Your Business Partner

Man and woman negotiating As an entrepreneur you are probably pretty accustomed to negotiating to get what you want. You negotiate prices, interest rates, contracts and more. And when you enter into a business partnership, you negotiate the details of the arrangement and the way you will do business.

What you may not be so used to is “negotiating” with your romantic partner. The term used most often in this setting is “compromise.” Two people communicate and discuss an issue, and eventually reach a compromise. The idea of compromising, though, carries the connotation that at least one person loses out in some way. They have to give up something important or valuable to them to reach an agreement.

Now, what happens when your romantic partner is also your business partner? How can you negotiate successfully with someone you are very likely used to compromising with? As with any relationship, life partners who are also business partners should work toward finding a win-win solution. The art of negotiating a win-win, or no-compromise, solution with another person requires a lot of effort. But the pay-off is a relationship filled with respect and cooperation.

The art of negotiation for entrepreneurial couples consists of the following:

Listen. It is very important to hone your listening skills. Listening can be a difficult skill to master, especially if you have a lot to say. But a good listener gains understanding of the other person’s reality, which is necessary before you can proceed with negotiations.

Listen to what your partner is trying to tell you, not just the actual words they are using. It will take some perception and understanding on your part to read between the lines. Pay attention to their body language. Also, be truly interested in what they have to say. You have chosen to spend your life with this person, so show that same interest and kindness when you deal with them in regards to your business.

 

Display empathy. Your partner has likely spent a good portion of their day being beat up by the outside world. So when negotiating with them, deal with them in a different way. You are a source of peace, a place of sanctuary. If you are genuine and make the effort to feel what your partner is feeling, they will feel appreciated. This will make them more comfortable speaking in clear terms that will require less analyzing and translating on your part.

Watch your tone. Maybe a direct, assertive, no-nonsense tone has gotten you what you want from others in the past. It probably doesn’t work so well with your partner. Your voice helps sets the tone for negotiations, so start light. Keep your tone positive, even playful. If things get more serious and stressful, use a low and slow voice. This type of voice inflection signals that you are in control, but does not show aggression or put your partner on the defensive.

Look at things a different way. There are many “right” solutions to a problem. We tend to think our solution is the right one because it fits our reality the best. Be open to ideas that work just as well, or even better, than our original one. Don’t deny yourself the opportunity to benefit from the creativity of other free thinking individuals.

Take your time. Don’t move too quickly, or too slow. Don’t drag on a negotiation longer than need be. But devote the time necessary to have a productive conversation, or series of conversations. It may be that a solution cannot be reached in one day, and you have to go to bed and start again tomorrow. That’s ok! Don’t give up just because you aren’t getting your way. You may be tempted to resort to intimidation for the sake of expediency, but you will risk your healthy relationship with your partner.

Focus. Keep your business discussions focused on business. Try to avoid letting personal issues or outside forces into the conversation. And when the discussion is over, don’t let it carry over into your personal relationship. Living with your business partner doesn’t mean that everything revolves around the business. Nurture your personal relationship, too.

These positive negotiation skills should help you resolve most issues. However, the tendency to compromise, intimidate, or acquiesce can be difficult to get past. Sometimes it is necessary to get some outside help get personal and business discussions back on track and productive. If you live near Portland, OR/Vancouver, WA, please contact my office to schedule an appointment. If you live elsewhere, I offer remote education for entrepreneurial couples via video conference.

6 Things Resilient Business Owners Never Do

Man at desk with computer “Everyone experiences tough times; it is a measure of your determination and dedication how you deal with them and how you can come through them.” –Lakshmi Mittal

As a business owner you have good days and you have bad days, perhaps even very bad days. Being in control of your own business isn’t for the feint of heart. Probably more than anything else, to succeed in business you’re going to need to be resilient. Resilience is a broad term that refers to mental toughness. It indicates that a person is flexible, tough, thinks ahead, and works thoroughly and efficiently.

But sometimes there are some negative thinking patterns that can begin to erode your resiliency. How can you eliminate negative thinking that might be holding you back?


Let’s consider 6 things that resilient business owners don’t do:

  1. Feel sorry for themselves. Problems small to large are inevitable, but feeling sorry for yourself is a choice. Self-pity wastes valuable time and mental energy. It also keeps your focus on the problem instead of creative solutions. A good way to stop feeling sorry for yourself is to cultivate a grateful attitude, perhaps by writing down things in your life that are positive.
  2. Succumb to fear of change. Change is a part of life. Nothing stays the same. For some people, adjusting to change comes easily. For others, change causes an inordinate amount of stress. Whatever natural reaction you have to the idea of change, a resilient business leader will not shy away from change or let fear hold them back. Your success, both in life and business, depends on your ability, and willingness, to adapt.

  3. Dwell on the past.
    Learning from past mistakes with a goal to not repeating them is a good thing. Dwelling on them is harmful. You can get stuck in a cycle of second-guessing your choices or wishing that the present was just like the past. Neither of these things are productive. To grow and progress you have to make peace with the past and work through any negative emotions that could be holding you back.

  4. Worry about things they can’t control.
    Complaining and worrying about things you have little or no control over will not help you. It will only serve to distract you and take energy away from working on the things you can control. Other people’s choices, business decisions, and opinions are outside of your control, so don’t waste precious time worrying about them. Accept the situation, and move forward.
  5. Resent the success of other people. Have you ever felt a little twinge of jealousy when you see someone with something you don’t have? Maybe another business owner received an award or recognition for their work. A resilient leader doesn’t get distracted by jealousy. Resentment takes away your focus from your own work and impedes your efforts to reach your goals. Instead, recognize that the success of another person in no way takes away from your success. Be happy for them, and keep working toward your own definition of success.

  6. Give up.
    There are some people who can’t handle failure in any form. Their self-esteem is completely wrapped up in their “success”, aka “lack of failure.” But real success comes, not from doing everything perfectly the first time, but from trying, failing, getting back up, and trying again. If you feel like you have failed, try again. Focus on improving your skills, and mastering your craft.
Of course, ridding yourself of negative thought is easier said than done. If you’re struggling with one of these areas, consider getting help from a mental health expert. Rather than being a sign of weakness, this shows that you are ready to step up and be the best possible version of yourself and succeed not only in your business, but your life. If you live near Portland, OR/Vancouver, WA, please contact my office to schedule an appointment.

Protect Your Children from the Damages of Marijuana

Since Washington and Oregon have made marijuana legal for adults many teens think it’s okay for them, so we must help them make choices for the best future. Since Washington State and Oregon have changed their laws making marijuana use legal for adults, many of our youth think it’s legal for them and that it’s harmless. Nothing could be further from the truth!Marijuana use is still harmful. Here are a few scientifically proven reasons why:

  • It puts teens at greater risk for addictive behavior.
  • Because the teen brain is still developing, it can impair the areas that control motor coordination, impulse control, memory, learning and judgment.
  • It’s associated with behavior that results in teen death, such as traffic fatalities, drowning accidents, homicide, and suicide.
  • Because impulse control is impaired, teens are more likely to choose risky sexual activity resulting in STDs and pregnancy.
  • It’s responsible for children falling behind in school and even failing.
  • Teens can be arrested and this arrest record will severely limit their career choices.

Another problem with legalized marijuana is that adults think there will be no ramifications if their boss gives them a random UA. This is not true. Bosses don’t want their employees coming to work drunk or stoned. People need to be responsible about their social drug and alcohol use.

Listing these dangers to your children, however, isn’t usually the best way to reach them. Parents can be good role models by showing children they don’t need to use substances like marijuana or alcohol to have a good time. Help them find healthy ways of coping with the pressures they’re experiencing, such as outdoor activities, hobbies, spirituality, and a strong social network. Keep the lines of communication open as you listen attentively to what they have to say without judgment.

When you do talk with your teenagers, you might approach them from a safety first direction. You might say, “No matter what the law says, I hope you’ll keep your eyes open to the scientific facts. You only get one brain for your whole life. I’m trusting you to take good care of it.” Some parents underscore this by promising to rescue their teenager, without blame, from dangerous situations, including those that involve drinking or drugs.

If your relationship is too tense and you’re unable to reach your teenagers, please don’t ignore the situation, but continue to seek new ways of helping them. Don’t ever give up! Many people have found that talking with an objective mental health professional facilitates discussions such as these. If you live near Portland, OR/Vancouver, WA please contact my office and schedule an appointment.

Read more on my website: Parenting Effectively and Managing Depression and Stress.

Who Is Taking Care of the Caregivers?

44 million Americans are caregivers of a special needs child or elderly relative or neighbor and they need our family and community support to keep going. Are you one of the 44 million Americans who is the caregiver of a special needs child or for an elderly relative or neighbor? We deeply appreciate the love you show and the hard work you do. We realize that often you’re doing this in addition to working secularly, caring for your own household and parenting your children. Thank you for all that you do!Being a caregiver is a high stress job. Not only are you dealing with the decline of a loved one, the work is physically, emotionally and financially draining. Many times a caregiver is called upon to perform medical procedures for which they haven’t been sufficiently trained such as giving injections, changing catheters, etc. Plus caregivers work reduced hours or even quit their careers to care for their loved ones.

Recently the New York Times ran an article that helps us to get to know these caregivers better. Here are some of the highlights:

  • Nearly a quarter of caregivers are millennials.
  • Caregivers are equally likely to be male or female.
  • About one-third of caregivers also have a full-time job.
  • About one-quarter work part time.
  • A third provide more than 21 hours of care per week.
  • AARP estimates their unpaid value is $470 billion a year.
  • One in five report significant financial strain.
  • Family caregivers over 50 who leave the work force lose, on average, more than $300,000 in wages and benefits over their lifetimes.
  • Sixty percent of those caring for older family members have to reduce the number of work hours, take a leave of absence or make other career changes.

The demand for caregivers is increasing, while the available number of caregivers is decreasing. Because they’re not getting the support and help they need, caregivers often suffer from anxiety, depression and chronic disease. JAMA reports on a study that shows that caregiving shaves, on the average, four years off their lifespan. And surprisingly, the physical impact lasts long after the job is done. PNAS reports on a study that long-term caregivers’ immune systems are still disrupted three years after their job ends. The NEJM reports that caregivers of patients with long I.C.U. stays have high levels of depressive symptoms lasting for more than a year.

Legislation is trying to ease the burden for caregivers by passing the Caregiver Advise, Record, Enable (CARE) Act. This has been signed into law by Oregon, but Washington State hasn’t adopted it yet.

The CARE Act requires hospitals to:

  • Record the name of the family caregiver on the medical record of the patient.
  • Inform the family caregivers when the patient is to be discharged.
  • Provide the family caregiver with education and instruction of the medical tasks he or she will need to perform for the patient at home.

If you are a caregiver, please take advantage of local support groups. Reach out to friends and family and schedule time off. Attend classes and talk with professionals about your demanding role. Become educated so you can perform your tasks well and with no risk of injuring yourself. Mental health professionals can help you learn techniques for managing your stress. If you live near Portland, OR/Vancouver, WA please contact my office and schedule an appointment. I would love to help.

Available Online Resources:

The Eldercare Locator identifies community organizations that help with meals, transportation, home care, peer support and caregiving education.

The Local Area Agencies on Aging connects patients and caregivers to the services they need.

Maternal Depression Is Linked to Child’s Inability to Show Empathy

Maternal Depression Is Linked to Child’s Inability to Show EmpathyDid you know that 1 in 9 women suffer from depression during or after pregnancy? That’s the latest statistic from the Centers for Disease Control and Prevention. It’s appalling that not all of these sufferers feel free to seek treatment. Especially in the light of a recent study I want to share with you.But first a little background… Last year I wrote about the increased risk of autism in the children born to women who take SSRIs for depression. While that is of concern to health professionals, untreated depression is too serious and outweighs that risk. As an alternative, I like to incorporate holistic health treatments and Cognitive Behavioral Therapy as often as I can.

Because this is such a serious health concern, I continually monitor for the newest information to share with you. Recently I came across an article in the Science Daily that further enlarges on the topic of maternal depression and its effect on the child’s inability to show empathy, often a hallmark of autism.

The study followed over 70 mother-child parings – 27 with depressed mothers and 45 without. They tracked them for the first 11 years of the child’s life.

They found that maternal depression across the first years of life impacts children’s neural basis of empathy. In children of depressed mothers, the neural reaction to pain stops earlier in the area related to socio-cognitive processing. According to Professor Ruth Feldman, “this reduced mentalizing-related processing of others’ pain, is perhaps because of difficulty in regulating the high arousal associated with observing distress in others.”

The way the depressed mothers interacted with their children was crucial to the difference between these two groups. They were less synchronized or attuned with their children and had more intrusive behavior that triggered this reduced empathetic response in their children.

Identifying this depressed mother-child behavior opens the way for more effective interventions at this crucial period in a child’s development. I’m awaiting further results from their ongoing study into the way that maternal care affects the development of a child’s brain, endocrine systems, behavior and relationships.

This new understanding highlights the absolute necessity to treat depression in mothers. The long-range consequences are too serious to ignore. If you or someone you know is suffering from depressive symptoms, please seek help from a mental health professional immediately. There are numerous, effective ways to treat it, with and without medication. If you live near Portland, OR/Vancouver, WA please contact my office and schedule an appointment so we can explore your options.

High Emotional Intelligence – A Must for Successful Entrepreneurs

High emotional intelligence helps entrepreneurs succeedHow well do you manage your emotions? How about other people’s emotions? Can you read what they’re feeling and use this awareness to improve your relationships? If so, then you likely have a high EQ or Emotional Quotient.Is this important for entrepreneurs? Absolutely! Studies have shown that over 90% of top performing business people have a high EQ.

Emotional intelligence is made up of two parts, personal competence and social competence. Emotionally intelligent people have the capability to recognize their emotions and the emotions of others. They can then use this information to guide their thinking and manage their emotions so they can adapt to their environment and achieve their goals. An emotionally intelligent person can also find a balance between the rational and emotional parts of their brain.

The good news is, unlike other measurements of intelligence, your EQ fluctuates throughout your life and you can drastically improve it through increased awareness. Below are qualities that emotionally intelligent people possess and how these qualities provide an advantage in business and life.

As you read through this list, I encourage you to rate how well you do in each area.

They are difficult to offend.
People with a high EQ have thick skin – they are confident, open-minded and not overly self-conscious. They are comfortable joking about their own faults and not offended when others do so. This trait makes them invaluable in social situations.

They’re a good judge of character.
This trait has to do with the social competence aspect of emotional intelligence. The ability to read others’ emotions, by observing body language and facial expressions, enables them to avoid stepping on toes. Emotionally intelligent people are also able to see beyond the facade and understand a person’s real motivations and intentions. This ability is paramount for savvy entrepreneurs.

They have a large emotional vocabulary.
Everyone experiences emotions but few have to ability to describe and categorize them. Having a large repertoire of emotional words allows you expand your consciousness about your feelings so you can connect them to the rational part of your brain. Instead of using the word “happy,” an emotionally intelligent person might use “satisfied”, “content”, or “cheerful”. When you use this specific word choice it allows you to connect with the source of your emotions and empowers you to decide what to do with them.

They can neutralize the effect of toxic people.
Dealing with a difficult person can be taxing on anybody. These types of people create complications, hurt feelings and in general create stress for others. People with a high EQ, have the advantage of dealing with difficult people effectively. They stay aware of their emotions and can remain calm and objective. They establish boundaries and decide when they have to put up with that person and when they don’t. Lastly, they keep an emotional distance from the person while still keeping aware of the other person’s emotions.

They don’t hold grudges.
Emotionally intelligent people understand that holding a grudge is pointless and exhausting. Holding onto a grudge means holding onto stress, and emotionally intelligent people avoid unnecessary stress at all costs. Chronic stress increases the risk of long-term heart problems and a variety of other health issues.

What do you think? You probably saw areas where you are doing well and other areas that could use some work. Improving your emotional intelligence can be difficult, it requires conscious effort, but the benefits, far outweigh the cost. Having an awareness of your emotional state and that of others’, whether they are employees, customers or family members, will result in much stronger relationships. And relationships are the foundation of every successful business.

Heightened emotional intelligence can give you and your business the competitive edge you seek. If you would like to dramatically improve your EQ and you live near Portland, OR/Vancouver, WA, please contact my office to schedule an appointment.

If you have a loved one on the Spectrum, please check our private MeetUp group. We have members from around the world meeting online in intimate video conferences guided by Dr. Kathy Marshack.
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